Chinese Economics Thread

delft

Brigadier
Over at SCS thread Pan Asian complain about lack of PR. Ther is some truth to it China is novice when it come to guiding the narrative but It also reflection of overall softpower

Japan NHK did a better when it come to selling the Japanese kawai culture .But is also reflection of Japanese stronger soft power due to widespread acceptance of Japanese product worldwide. China will reached that stages too as more and more Chinese company are now going overseas to sell their product. IN the mean they are not sitting still and slowly make inroad in selling Chinese narrative of event. And remarkable this is spearheaded by the private sector!
China has better involve the private sector to increase the softpower. Also notice Chinese film is slowly getting better because involvement of Honkong producer and film industry basically now decamp to mainland China

Interesting article from LA time excerpt It is a long article
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China has conquered Kenya': Inside Beijing's new strategy to win African hearts and minds
It took the StarTimes satellite TV salesman about 30 minutes to install a pipeline for Chinese propaganda into Francis Gitonga’s squat, cinder-block home here in southern Kenya, near Africa’s Great Rift Valley.

Gitonga was elated. His new digital TV package gave him better reception than he’d once thought possible in Kajiado, a small town on the savannah where Masai tribesmen wander past rickety storefronts and goats cluster in the shade.

“I didn't know about China before,” he said. “I can say it's good. They have changed this country in a big way, very fast.”

la-1499460402-oih8s0m5g4-snap-image

David Mugita is StarTimes' sole salesman in Kajiado, Kenya. StarTimes, a privately owned, Beijing-based media and telecommunications firm, has been sweeping across Africa since 2002. (Immanuel Muasya / For The Times)
Although StarTimes — a privately owned, Beijing-based media and telecommunications firm — is virtually unknown in the West, it has been sweeping across Africa since 2002, overhauling the continent’s broadcast infrastructure and beaming Chinese content into millions of homes. It has subsidiaries in 30 African countries, including such war-torn states as the Democratic Republic of Congo and the Central African Republic.

"Our aim is to enable every African household to afford digital TV, watch good digital TV and enjoy the digital life,” StarTimes Vice Chairman Guo Ziqi told China’s official New China News Agency in December.

But there’s a catch. StarTimes has substantial backing from the Chinese state — and an explicit political mandate.

China’s relationship with Africa — for decades defined by resource-for-infrastructure deals — is evolving, as Africa becomes wealthier and China’s foreign policy objectives grow more ambitious.

Beijing has invested billions of dollars into “soft power” campaigns aimed at convincing the world that China is a cultural and political success story. Yet beyond China’s borders, its heavily censored state media broadcasts go mostly unwatched; its newspapers go unread; and outsiders often continue to associate China with pollution, opacity and repression.

la-1499460511-bkqchn3pc4-snap-image

StarTimes' cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels. Access to other international channels, such as
Please, Log in or Register to view URLs content!
, France 24 and BBC, costs more than most Kenyans can afford. (Immanuel Muasya / For The Times)
StarTimes signals a change in tack, one that highlights the depth and complexity of Beijing’s efforts to win hearts and minds — with much of that effort now being directed at Africa, one of the world’s great emerging media markets.

As a digital infrastructure provider, StarTimes is helping African states transition from analog television — a technology akin to FM radio, rife with snow, static and dropped signals — to digital, which ensures high-quality image and sound. As a pay-TV company, it is stacking its networks with pro-China broadcasts.

As both, it is materially improving the lives of countless Africans, then making China’s role in those improvements impossible to ignore.

“There’s a huge ideological element” to StarTimes’ African operations, said Dani Madrid-Morales, a doctoral fellow at the City University of Hong Kong who has researched the company. “It’s a huge effort to get Africans to understand China. Even the selection of TV shows is very carefully done. It’s very specific shows that showcase an urban China, a growing China, a noncontroversial view of China.”

Pang Xinxing, StarTimes’ chief executive, who could not be reached for comment, has told Chinese state media that he expanded to Africa to counter “exaggerated and biased reports” about China in the Western media.

“There’s a mindfulness among China’s leadership that China doesn’t get fair treatment overseas, and something needs to be done about it,” Madrid-Morales said.

StarTimes established its Kenyan subsidiary in 2012; now, it has 1.4 million subscribers, accounting for nearly half of Kenya’s pay-TV subscriptions. Its cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels, including several belonging to the Chinesestate-run broadcaster, the China Global Television Network, or CGTN.

Access to other international channels, such as Al Jazeera, France 24 and BBC — which are more inclined to portray China in a negative light — costs more than most Kenyans can afford.

In December 2016, StarTimes launched a “pilot program” in Kajiado “as part of its long-term agenda” to bring digital television to rural Kenyans, according to the state-run China Daily. The company gave free StarTimes set-top boxes and subscriptions to 120 households. Sun Zhijun, a Chinese vice minister overseeing propaganda and media censorship, traveled to Kajiado for the inaugural celebration.

By January, StarTimes was everywhere in town — bright orange StarTimes advertisements glowed on schoolhouse walls, and StarTimes satellite dishes sprouted like carnations from corrugated sheet-metal roofs.
Interesting article with interesting posts below it.
 

N00813

Junior Member
Registered Member
Good news all around on the solar front:
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Chinese Government Confirms 24.4 Gigawatts Worth Of New Solar In H1’17
August 8th, 2017 by
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China’s National Energy Administration last Friday confirmed previous reports that the country had installed a mammoth total of 24.4 GW worth of new solar across the first half of 2017, up from 22 GW in the first half of 2015 and only 7.7 GW in the first half of 2015.

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that the China PV Industry Association (CPIA), the country’s solar PV association, had published figures that showed China had installed 24.4 GW (gigawatts) of new solar across the first half of 2017. That included as much as 16 or 17 GW in the second quarter, well up on the 7.21 GW that was installed in the
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.

Now, figures released by China’s National Energy Administration (NEA) confirm July’s preliminary figures, highlighting a 9% year-over-year growth for the country’s solar deployment. Amazingly, June ran away with phenomenal numbers, seeing 13.5 GW added — over half of the total for the first half of the year.

The total 24.4 GW was broken out as 17.29 GW worth of utility-scale solar and 7.11 GW worth of distributed solar.

Analysis from the Asia Europe Clean Energy Advisory (AECEA) found that three provinces were responsible for over half of all rooftop solar deployment — the Anhui province with 1.38 GW, the Zhejiang province with 1.25 GW, and the Shandong province with 1.23 GW.

This bring’s China’s cumulative capacity up to 101.82 GW, while the country’s solar curtailment has fallen significantly, down 4.5% year-over-year to 37 billion kWh as of June 30. Specific regions are not fairing as well as the national average, however, with curtailment of up to 26% curtailment in the province of Xinjiang, and 22% in the province of Gansu.

Analysts further expect that China will surpass
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installation figure of 34.2 GW, due in part to national policies driving speedy completion of projects. Further, Mercom Capital Group explains that “demand in China going into second half is a lot stronger due to the 5.5 GW Top Runner Program, which carries a deadline of September 30, 2017, and the Poverty Alleviation program (all year).”

Looking beyond 2017, the NEA last month provided guidance through to 2020 for its solar installation expectations, expecting cumulative installations to reach between 190 GW and 200 GW at the end of the country’s 13th Five Year Plan. Analysts suggest that total cumulative installed solar might actually go higher than that, considering that the new guidance doesn’t include distributed solar PV totals and poverty alleviation project targets, which means it could go as high as 230 GW by 2020.
 

Equation

Lieutenant General
When it comes to the Chinese government's official piggy bank, known as its foreign currency reserves held by the central bank, China just keeps getting richer. It's incredible. The central bank increased its holdings by $23.9 billion in four weeks to a total of $3.08 trillion.

What does this mean? It means that the People's Bank of China is armed with enough cash to bail out any failure in a shadow banking lender at the provincial level, and control its currency exchange rate against the dollar.

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james smith esq

Senior Member
Registered Member
Interesting article from LA time excerpt It is a long article
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China has conquered Kenya': Inside Beijing's new strategy to win African hearts and minds
Interestingly, a business associate of my father's, a person (retired US Army Major) who patented one of the technologies that made satellite TV accessible to all, was working with west-African companies and governments, in the early 80's, to accomplish a similar objective from a pan-Africanist perspective.

His first-hand account, to me, was that the first and last person he encountered in every African country he visited was an African-American CIA agent, and that every American bank he approached refused any funding for the project.

Thank goodness China has economic independence from 'the west'! And, hopefully, China will seek "The Middle Ground" in its communications with African populations.
 
now I read
Economic Watch: Resilience and risks of Chinese economy in transformation
Xinhua| 2017-08-10 20:23:11
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A year ago, economic forecasters at home and abroad bet on the sharp depreciation of the renminbi, or the yuan, in 2017 due to a flagging economy and U.S. rate hikes. But the Chinese currency roaring back in past months has proven them wrong.

The yuan's midpoint saw a substantial increase to 6.6770 against the greenback Thursday, the strongest in more than 10 months, following a steady strengthening streak since the beginning of 2017. Onshore and offshore rates were also much firmer.

While curbed capital flight and the weaker U.S. dollar were considered the immediate cause, the country's economic resilience played a fundamental role in propping up the currency.

China posted a forecast-beating
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increase of 6.9 percent in the second quarter of the year despite expectations of a loss in momentum, flat with that of the January-March period. From buoyant factory activity to robust imports, latest indicators have disappointed doomsayers.

"Once again, the Chinese economy has defied the hand wringing of the nattering nabobs of negativism," Stephen Roach, faculty member at Yale University, wrote in an article on Project Syndicate.

CONSUMPTION POWER

Roach said deeper issues, namely reforms, were overlooked by pessimistic analysts. "The Chinese economy is in the midst of an extraordinary structural transformation - with a manufacturing-led producer model giving way to an increasingly powerful services-led consumer model."

The transition is being briskly pushed forward by China's middle class, a growing group generous in spending and fastidious in quality that will likely dominate the demographic structure in next decades.

Homi Kharas, now with the Brookings Institution, predicted in an OECD working paper that China will add 850 million to its middle class by 2030, which means the group will account for 73 percent of the population. In contrast, Europe will add only 16 million and North America will see a decline of 16 million.

The trend forecast by Kharas will reshape the landscape of both China and the world. "China will have a 9.7-trillion-dollar consumer market by 2030, the largest in the world," according to a lengthy report by Morgan Stanley, which predicted the world's second largest economy will become a high income country at that time.

The predicted picture is yet to come true, but preliminary effects have already been felt. Consumption contributed 63.4 percent of economic expansion in the first half (H1) of the year, outshining old engines of investment and exports.

INNOVATION-INSPIRED MIRACLE

Encouraged by robust domestic demand, Chinese companies, dissatisfied with churning out unprofitable, inferior small wares, are striving to climb up the industrial value chain to master the technology essential for creative, quality products.

The output of high-tech and equipment manufacturing rose 13.1 percent and 11.5 percent in H1, respectively, outpacing the 6.9-percent increase of the broader industry. Emerging sectors including new energy and new materials also picked up speed.

From high-speed trains to shared bicycles and mobile wallets, Chinese innovation is shaking up the global tech world and people's daily lives.

China moved up the list of the world's top 25 innovative economies, rising three notches from 25 to 22, according to a key innovation index jointly released in June by the World Intellectual Property Organization, Cornell University and INSEAD.

The country was top in a number of sub-rankings, including domestic market scale, human resources, patents by origin, high-tech exports, and industrial design by origin.

Despite a slower growth pace, the China miracle is not over but has entered its second phase focusing on consumption, technology and innovation, advanced manufacturing, and services, Michael Zakkour, China vice president at consulting firm Tompkins International, said in an article on Forbes.

RISKS LINGERING

Despite bright prospects, risks are still looming for the economy in transformation.

Roach highlighted piling corporate debts and volatile home markets, and accordingly called for reforms in state firms and proper regulation over the property sectors including ensuring housing demand and restraining speculation.

Analysts also warned of risks from fiscal deficits and trade frictions with the
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.

Fully aware of the challenges, China's policy makers have rolled out a series of measures, reining in credit expansion and curbing overheated home purchases. Debt-ridden zombie companies are being dissolved and home markets are gradually back on track.

"Risks are generally controllable," Chinese Premier
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said at the Annual Meeting of the New Champions 2017, or Summer Davos, in the city of Dalian. "We are capable of fending off all kinds of risks and ensuring the economic growth stays in a reasonable range."
 

dingyibvs

Junior Member
Man! You sound like there is actually a comparison. MD's have nothing on PhD's. PhD's are always superior to MD's, alway! :cool::p:eek:

You know why physicians always wear white coats? And they seem not want to parted with their white coats. They keep their white coats in their cars, wear them in their offices, walking on the streets, at restaurants. I bet they would wear their white coats in sauna if they can. At the turn of the 20th century, medical doctors were close to the status of voodoo / witch doctors. In order to change their image and convince people that they actually knew something about the natural world, they started wearing lab coats, which at the time were only worn by scientists. You see, they are imposters, trying to pretend to be people of science.

Even nowadays, medical doctors don't actually understand biology. I myself have been trained alongside MD's in my first postdoctoral fellowship. These MD's know human anatomy, memorize disease symptoms and treatment strategies very well. However, their understanding of fundamental biology is still at undergraduate level. Most of the currently practicing physicians' understanding of biology is still at the time of their college graduation, which could be as many as 30-40 years ago. Yes, they must take classes each year to keep their licenses, but biology has evolved so fast. It's impossible to keep up with the most important new discoveries with a few classes and conferences. Plus, most physicians use the chances to go to conferences as their vacation time. They go in, register and get stamps to show that they have come to the conference. Then they go off to enjoy vacation.

I now teach medical school classes every once in a while. The Med School basically told us flat out that we should only teach the materials that will be covered in the Steps (the MD license exam like the Bar exam for lawyers). Nothing more. And we are told to keep our teaching as practical as possible. Don't lecture on basic stuff. Students will get bored. You can imagine how limited their knowledge base is...

Heh I can attest to this. In med school we all hated lectures by PhDs, as they inevitably bore us to tears with their talks about receptors, or enzymes, or genes, etc. with long acronyms and numbers.
 

vesicles

Colonel
Heh I can attest to this. In med school we all hated lectures by PhDs, as they inevitably bore us to tears with their talks about receptors, or enzymes, or genes, etc. with long acronyms and numbers.

Ha! An MD! You gotta admit those long long disease names are equally confusing :p:D

And Those receptors are most likely what cause diseases... Like EGFR, which stimulates MAPK and PI3K pathways. Its oncogenic mutations are found in over 50% of cancers (oops! Acronyms and numbers again...).:cool:
 
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B.I.B.

Captain
Ha! An MD! You gotta admit those long long disease names are equally confusing :p:D

And Those receptors are most likely what cause diseases... Like EGFR, which stimulates MAPK and PI3K pathways. Its oncogenic mutations are found in over 50% of cancers (oops! Acronyms and numbers again...).:cool:

Just wondering if you have experienced that "eureka" moment in your work as a scientist?
 

vesicles

Colonel
Just wondering if you have experienced that "eureka" moment in your work as a scientist?

We do. This is why I love it so much. It's hard work but it's those "eureka" moments that make all the hard work worthwhile. Those "lightbulb going off" moments are truly exhilarating.

Sometimes, I do feel a little addicted to those moments. Mostly because most of the time we have no clue what is going on... you get a feeling of being a blind feeling an elephant. Everybody you talk with has a different idea of the same phenomenon. I found a mug on Amazon that says " research is what you're doing when you don't know what you're doing". That basically summarizes everything.

Then every once in a while, the lightbulb in your head goes off. "Huh! Maybe that's what it is?!?!?!" Then you want to zap to the lab (you wish Scotty can beam you to the lab instead of having to drive there...) and do a quick experiment to see if you are right.

My associates now know my "eureka" look. When I walk into the lab with that look on my face, everyone goes "my Goodness... vesicles is having another crazy idea..."

And half of the time, my "eureka" moment turns out to be chasing ghosts. But you have to keep coming up with crazy ideas to have some true "eureka" moments that will yield astounding findings that will potentially change science (well, at least in my dreams).
 
Over at SCS thread Pan Asian complain about lack of PR. Ther is some truth to it China is novice when it come to guiding the narrative but It also reflection of overall softpower

Japan NHK did a better when it come to selling the Japanese kawai culture .But is also reflection of Japanese stronger soft power due to widespread acceptance of Japanese product worldwide. China will reached that stages too as more and more Chinese company are now going overseas to sell their product. IN the mean they are not sitting still and slowly make inroad in selling Chinese narrative of event. And remarkable this is spearheaded by the private sector!
China has better involve the private sector to increase the softpower. Also notice Chinese film is slowly getting better because involvement of Honkong producer and film industry basically now decamp to mainland China

Interesting article from LA time excerpt It is a long article
Please, Log in or Register to view URLs content!

China has conquered Kenya': Inside Beijing's new strategy to win African hearts and minds
It took the StarTimes satellite TV salesman about 30 minutes to install a pipeline for Chinese propaganda into Francis Gitonga’s squat, cinder-block home here in southern Kenya, near Africa’s Great Rift Valley.

Gitonga was elated. His new digital TV package gave him better reception than he’d once thought possible in Kajiado, a small town on the savannah where Masai tribesmen wander past rickety storefronts and goats cluster in the shade.

“I didn't know about China before,” he said. “I can say it's good. They have changed this country in a big way, very fast.”

la-1499460402-oih8s0m5g4-snap-image

David Mugita is StarTimes' sole salesman in Kajiado, Kenya. StarTimes, a privately owned, Beijing-based media and telecommunications firm, has been sweeping across Africa since 2002. (Immanuel Muasya / For The Times)
Although StarTimes — a privately owned, Beijing-based media and telecommunications firm — is virtually unknown in the West, it has been sweeping across Africa since 2002, overhauling the continent’s broadcast infrastructure and beaming Chinese content into millions of homes. It has subsidiaries in 30 African countries, including such war-torn states as the Democratic Republic of Congo and the Central African Republic.

"Our aim is to enable every African household to afford digital TV, watch good digital TV and enjoy the digital life,” StarTimes Vice Chairman Guo Ziqi told China’s official New China News Agency in December.

But there’s a catch. StarTimes has substantial backing from the Chinese state — and an explicit political mandate.

China’s relationship with Africa — for decades defined by resource-for-infrastructure deals — is evolving, as Africa becomes wealthier and China’s foreign policy objectives grow more ambitious.

Beijing has invested billions of dollars into “soft power” campaigns aimed at convincing the world that China is a cultural and political success story. Yet beyond China’s borders, its heavily censored state media broadcasts go mostly unwatched; its newspapers go unread; and outsiders often continue to associate China with pollution, opacity and repression.

la-1499460511-bkqchn3pc4-snap-image

StarTimes' cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels. Access to other international channels, such as
Please, Log in or Register to view URLs content!
, France 24 and BBC, costs more than most Kenyans can afford. (Immanuel Muasya / For The Times)
StarTimes signals a change in tack, one that highlights the depth and complexity of Beijing’s efforts to win hearts and minds — with much of that effort now being directed at Africa, one of the world’s great emerging media markets.

As a digital infrastructure provider, StarTimes is helping African states transition from analog television — a technology akin to FM radio, rife with snow, static and dropped signals — to digital, which ensures high-quality image and sound. As a pay-TV company, it is stacking its networks with pro-China broadcasts.

As both, it is materially improving the lives of countless Africans, then making China’s role in those improvements impossible to ignore.

“There’s a huge ideological element” to StarTimes’ African operations, said Dani Madrid-Morales, a doctoral fellow at the City University of Hong Kong who has researched the company. “It’s a huge effort to get Africans to understand China. Even the selection of TV shows is very carefully done. It’s very specific shows that showcase an urban China, a growing China, a noncontroversial view of China.”

Pang Xinxing, StarTimes’ chief executive, who could not be reached for comment, has told Chinese state media that he expanded to Africa to counter “exaggerated and biased reports” about China in the Western media.

“There’s a mindfulness among China’s leadership that China doesn’t get fair treatment overseas, and something needs to be done about it,” Madrid-Morales said.

StarTimes established its Kenyan subsidiary in 2012; now, it has 1.4 million subscribers, accounting for nearly half of Kenya’s pay-TV subscriptions. Its cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels, including several belonging to the Chinesestate-run broadcaster, the China Global Television Network, or CGTN.

Access to other international channels, such as Al Jazeera, France 24 and BBC — which are more inclined to portray China in a negative light — costs more than most Kenyans can afford.

In December 2016, StarTimes launched a “pilot program” in Kajiado “as part of its long-term agenda” to bring digital television to rural Kenyans, according to the state-run China Daily. The company gave free StarTimes set-top boxes and subscriptions to 120 households. Sun Zhijun, a Chinese vice minister overseeing propaganda and media censorship, traveled to Kajiado for the inaugural celebration.

By January, StarTimes was everywhere in town — bright orange StarTimes advertisements glowed on schoolhouse walls, and StarTimes satellite dishes sprouted like carnations from corrugated sheet-metal roofs.

Making Chinese content accessible is a crucial step and efforts like this are great but not enough, a lot of Chinese content itself needs improvement in various aspects of quality especially when it comes to meaning not being lost in translation.
 
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